James Cox Sells 18,700 Shares of Clearwater Analytics (NYSE:CWAN) Stock
by Scott Moore · The Cerbat GemClearwater Analytics Holdings, Inc. (NYSE:CWAN – Get Free Report) CFO James Cox sold 18,700 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $23.33, for a total transaction of $436,271.00. Following the completion of the sale, the chief financial officer owned 469,114 shares of the company’s stock, valued at $10,944,429.62. The trade was a 3.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Clearwater Analytics Price Performance
Shares of CWAN stock traded down $0.04 during trading hours on Tuesday, reaching $23.39. 4,680,368 shares of the company were exchanged, compared to its average volume of 6,764,631. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $27.76. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.83. The stock’s fifty day moving average is $23.69 and its two-hundred day moving average is $21.37. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 123.26, a P/E/G ratio of 3.25 and a beta of 0.67.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Intech Investment Management LLC grew its holdings in Clearwater Analytics by 46.4% during the second quarter. Intech Investment Management LLC now owns 157,281 shares of the company’s stock valued at $3,449,000 after purchasing an additional 49,845 shares during the period. Hillsdale Investment Management Inc. increased its stake in Clearwater Analytics by 28.0% in the second quarter. Hillsdale Investment Management Inc. now owns 190,950 shares of the company’s stock valued at $4,188,000 after purchasing an additional 41,800 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in Clearwater Analytics by 20.4% in the second quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company’s stock worth $8,435,000 after purchasing an additional 65,141 shares during the period. Swiss National Bank boosted its position in shares of Clearwater Analytics by 8.2% during the second quarter. Swiss National Bank now owns 447,996 shares of the company’s stock worth $9,825,000 after purchasing an additional 33,896 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Clearwater Analytics by 20.0% in the 2nd quarter. New York State Common Retirement Fund now owns 1,639,265 shares of the company’s stock valued at $35,949,000 after buying an additional 273,614 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Weiss Ratings lowered Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. Morgan Stanley restated an “equal weight” rating and set a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. Warburg Research set a $24.55 price target on Clearwater Analytics in a research note on Monday, December 22nd. William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a research report on Monday, December 22nd. Finally, Jefferies Financial Group cut Clearwater Analytics to a “hold” rating in a report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.17.
Get Our Latest Analysis on CWAN
About Clearwater Analytics
Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.
Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.